HomeContributorsTechnical AnalysisGBPUSD Recovers, Eyes Further Upside Pressure

GBPUSD Recovers, Eyes Further Upside Pressure

GBPUSD could push further higher on further recovery threats. Support lies at 1.2850 area with a break below that level turning focus to the 1.2800 level. Further down, support comes in the 1.2750 level where a violation will shift focus to the 1.2700 level. Below here will open the door towards the 1.2650 level. On the upside, resistance is located at the 1.2900 with a break above there allowing for morel strength to build up towards the 1.2950 level. Further out, resistance stands at the 1.3000 level followed by the 1.3050 level. On the whole, GBPUSD retains its upside pressure on correction.

FXAssure
FXAssurehttps://www.fxassure.com/
Mohammed Isah is a co-founder, technical strategist and head of research at FXAssure.com. He has been trading and analyzing the foreign exchange market for the past 7 years. He formerly traded stocks before crossing over to the forex market where he worked for FXInstructor LLC as a technical analyst and head of research before Joining FXassure.com.

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